Research in Business for Administration and Policy- myassignmenthelp

Question: Discuss about theResearch in Business for Administration and Policy. Answer: Role and strategies of HR to cope up with the expectations of pay hike when the business is not going good. Problem Statement The last decade undergone a immense growth in the world economy that has escorted by revolution in technological front and radical changes in the way the businesses were done in the earlier. The tremendous increase in globalisation in the current business world has not only influenced the net result of the business but has also made the job of Human Resource department tougher than ever (Aslam Azhar, 2013). The rate of attrition is greatly increasing as well as the profit margin is going down because of increase in competition (Candido, 2017). Hence, in this research study, the role of HR team will be identified and discussed further to cope up with this problem of employee retention. Aim and objectives This research aims to investigate about the role of HR department on the issue of employee retention. It shall concentrate on the various HR strategies to maintain wage hike in the low profit margin of the company. The objectives are to: Examine the factors that are responsible for the high rate of attrition of the employees Determine the impact of employee attrition on the companies Determine the role of HR team behind the increase in employee attrition rates within the company. Examine the factors that influence employees to quit their job A brief methodology In order to accurately assess the factors influencing the employee attraction towards other companies, this study has chosen a mixed methodology to conduct the same. Literature Review- The literature review shall include the theories, sources and researches on the issues of employee attrition rates in the organisation. It shall discuss on published information in relation to this subject or this chosen topic area. It may also include the performance of the employees in the workplace, their expectations from the workplace, the current economic situation in different countries and organisation. The sources for the literature review shall include government data and statistics, academic reports and journals and other relevant reports available. They shall survey the literature in the chosen area of study. Data collection methods- This data collection method is regarded to be the process of collecting and measuring the data for the directed variables in a systematic way. This method includes primary and secondary data collection method (Palinkas et al., 2015). In order to conduct this study, secondary data collection method shall be taken into consideration. It shall collect data and information from industry or organisation sources, government, BPO and other advocacy groups. Interviews- This study shall conduct interviews of the employees, other staff and the higher management. It will take their reviews. Employees will be asked about their perceptions and expectations towards their workplace. The officers will be asked about what they think is influencing their staff to leave their job and join other companies. Secondary data and data analysis methods This study will primarily depend on the secondary data collection methods in order to gain a deeper understanding of the phenomenon of increased rate of attrition. It will assess data and information from government sources and academic journals and statistics present in the publicly available reports (Figurska Matuska, 2013). It will conduct several surveys, interviews and questionnaires with small group of employees and officers individually. The primary causal factors for the high issue of high attrition in the industries will be based on the qualitative research method by using the secondary data. After collecting the data, all the variables and statistics shall be structured in an Excel sheet for conducting a correlation analysis. References: Aslam, M. H., Azhar, S. M. (2013). Globalisation and development: challenges for developing countries.International Journal of Economic Policy in Emerging Economies,6(2), 158-167. Candido, J., (2017). How businesses can handle the hikes in minimum wage. [Online] Available at: https://www.theglobeandmail.com/report-on-business/small-business/sb-money/how-businesses-can-handle-the-hikes-in-minimum-wage/article35166792/ [Accessed 20 March 2018]. Figurska, I. Matuska, E., (2013). Employer Branding as a Human Resources Management Strategy. Human Resources Management Ergonomics, 7(2), pp. 35-51. Palinkas, L. A., Horwitz, S. M., Green, C. A., Wisdom, J. P., Duan, N., Hoagwood, K. (2015). Purposeful sampling for qualitative data collection and analysis in mixed method implementation research.Administration and Policy in Mental Health and Mental Health Services Research,42(5), 533-544.